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challenges to the u.s. economy are significant. they come from europe and asia, old infrastructure in the united states, massive debt. americans have a right to expect leaders to tackle large problem. as one of the leading authorities on financial crises, what do we do? >> i think this point that it's not just what happens this month how are we going to move forward, grow this economy because this problem of debt comes from our aging population. you talk about the tax hike we have. it's not enough to close the gap. the idea that the middle class will get away from this without paying most of it. without entitlements being cut, that's nuts. eventually that will happen. they won't admit it now. we are just beginning. this is a skirmish in a longer war. >> diane, one of the arguments of those that say the fiscal cliff discussion is over blown is deployed at the resilience of the stock market. the s&p is up 12% for the year. that's an okay year. companies have a lot of cash they are holding onto. is too much made of the negative effect
challenges to the u.s. economy are significant. they come from europe and asia, old infrastructure in the united states, massive debt. americans have a right to expect leaders to tackle large problem. as one of the leading authorities on financial crises, what do we do? >> i think this point that it's not just what happens this month how are we going to move forward, grow this economy because this problem of debt comes from our aging population. you talk about the tax hike we have. it's...
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Dec 8, 2012
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. >> and the last time the fcc tried to do this, the u.s. court of appeals for the 3rdrd circui ordered the commission to hold up, that it should first evaluate the impact of any rule changes on the ownership by females and minority. what impact do you think this new rule would have on minority and women in the media? >> well, the truth is that right now, in terms of minorities and women, there is relatively, an embarrassing little amount of ownership. no one doubts that if you move to a situation where corporate america, the big guys, own more and more of the media, it will mean that minorities and women and those folks who don't have big bucks are going to be squeezed even further to the periphery. so it will be bad for minorities. it will be bad for women. and most significantly, it will be bad for american democracy. >> some people argue that newspapers are failing anyway. that they're going under, losing advertising, cutting their staffs, losing their readership. and that it would be a good thing for these big, profitable corporations l
. >> and the last time the fcc tried to do this, the u.s. court of appeals for the 3rdrd circui ordered the commission to hold up, that it should first evaluate the impact of any rule changes on the ownership by females and minority. what impact do you think this new rule would have on minority and women in the media? >> well, the truth is that right now, in terms of minorities and women, there is relatively, an embarrassing little amount of ownership. no one doubts that if you move...
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Dec 8, 2012
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today the elderly make up 13% of the u.s. population. by 2050, they are expected to be 20%. 20%. that means you'll need to spend a lot more on social security and medicare. meanwhile the development of new miracle treatments we hope will keep happening and that will push the cost even higher. the future turns out to be expensive. that's simply the reality of it. and opposing tax increases doesn't change that reality. there's nothing in grover norquist's pledge that stops the aging process. if there was, i would take it. so there's no way the tax receipts of the 1960s will support the demographics of america in the 2020s or the 2030s. anyone who says otherwise is not taking the reality seriously. joining us is a man who always takes reality seriously. chris hayes. >> religiously. >> religiously. so one thing i always think is true in our political discussions is we don't like to face up to big changes. we like to use them as evidence for why whatever policies we support need to happen. but particularly the aging of this society, i don't think we've come anywhere close to thinking
today the elderly make up 13% of the u.s. population. by 2050, they are expected to be 20%. 20%. that means you'll need to spend a lot more on social security and medicare. meanwhile the development of new miracle treatments we hope will keep happening and that will push the cost even higher. the future turns out to be expensive. that's simply the reality of it. and opposing tax increases doesn't change that reality. there's nothing in grover norquist's pledge that stops the aging process. if...
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Dec 8, 2012
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a u.s. wildlife official says the government will buy up property only if there are willing sellers. "the record" in stock on the last picture show about the remaining video store chain. where there was once now there's one. it's hanging in there a dying breed. >>> 24 days to go for lawmakers to agree on a solution to the fiscal cliff. if the compromise is not reached the blame may be spread equally. cnbc's survey finds that 21% of the americans would blame blame president obama and the democrats. 23% would blame the republicans. 52% would blame both parties equally. joining me now democratic congressman elijah cummings of the government oversight and reform committee. so glad to have you here. welcome. >> good to be with you. >> if republicans steadfastly refuse to raise taxes on the top earners are we definitively heading over the fiscal cliff? >> i don't think we'll have a deal. the president has made that very clear that the top earners ought to be paying more and we should be dealing wi
a u.s. wildlife official says the government will buy up property only if there are willing sellers. "the record" in stock on the last picture show about the remaining video store chain. where there was once now there's one. it's hanging in there a dying breed. >>> 24 days to go for lawmakers to agree on a solution to the fiscal cliff. if the compromise is not reached the blame may be spread equally. cnbc's survey finds that 21% of the americans would blame blame president...
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the former u.s. ambassador to syria, theodore kotoof writing in the daily beast, "the best hope to avoid syria becoming a failed or radical islamist state is for the russia and u.s. to cooperate." you write that russia may be shifting its pro-assad position. at this point, do you think that russia leadership and the united states can get together on syria? >> you know, i think that the russians now understand that the regime probably isn't going to survive. however, i don't think that the russians are going to get actively involved with us in any effort to militarily intervene in syria. i think that their hope is to protect their interests, that if there's going to be a new regime, that they keep their investments and naval facilities, but i don't think they're going to join with us in getting involved. >> what do we know about the scope, the size, and the variety of the syrian chemical -- of their chemical weapons stash? >> well, in that -- the syrians, of course, have denied they don't have any. th
the former u.s. ambassador to syria, theodore kotoof writing in the daily beast, "the best hope to avoid syria becoming a failed or radical islamist state is for the russia and u.s. to cooperate." you write that russia may be shifting its pro-assad position. at this point, do you think that russia leadership and the united states can get together on syria? >> you know, i think that the russians now understand that the regime probably isn't going to survive. however, i don't...